Bill Peters is a Los Angeles-based MarketWatch reporter who covers earnings.
Blue Apron Holdings Inc.’s stock APRN, +0.08% was slightly higher early Thursday, after the meal-kit company’s reported a third-quarter loss that was narrower than expected, while revenue inched ahead of estimates. The company, which disclosed earnings in a regulatory filing, had a net loss of $10.3 million, or $1.34 a share, for the quarter, narrower than the loss of $25.9 million, or $8.93 a share, posted in the year-earlier period. Revenue fell to $98.8 million from $109.
Average revenue per customer rose to $413 from $340 s year ago and $397 in the second quarter. The company acknowledged its long history of significant net losses, which came to $89.3 million in the nine months through Sept. 30 and $87.9 million in the year-earlier period. As of Sept. 30, it had a working capital deficit of $47.7 million and an accumulated deficit of $866 million.
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